Darden Restaurants, Inc. (DRI:NYE) had several changes in ownership, with Twin Capital Management Inc. raising its stake by 33.8% in the fourth quarter of 2022.
Other institutional investors such as State Street Corp, Vanguard Group Inc., Federated Hermes Inc., and Victory Capital Management Inc. have also modified their holdings.
Meanwhile, corporate insiders have sold 96,611 shares of Darden stock worth $14,887,160 in the last three months, with the CEO and a director making significant sales.
Despite this, Darden stock has been performing well, with a 1.1% increase and a twelve-month high of $155.90. The company reported a Q1 2023 revenue of $2.79 billion, and analysts predict a $7.94 EPS for the current year. The restaurant operator also announced a quarterly dividend to be paid on May 1st.
